How To Structure Multiple Businesses Under One Roof Examples

The library the dining room the smoking lounge etc.

How to structure multiple businesses under one roof examples.

Running multiple businesses under one llc. Let s take a look at three popular ways to structure multiple businesses and explore how each scenario works. How to structure multiple businesses under one roof. First of all you need to select a name for your business.

Initially simpler but not if things grow lower costs one articles of organization and one llc annual report cons. One way to structure your multiple business ventures is to form a single company and register as many fictitious names also called doing business as names or dbas as you need. Liability risk could be larger all liability under one roof non separate finances and books could be confusing. Another common option is to file one llc or corporation and then set up multiple dbas doing business as for each of the other ventures.

However it is not suggested different businesses can be floated at a time and it should be gradually one aft. I am looking to branch into other business ventures unrelated to event planning. Easy to test business models products offerings etc. Use one llc to run both businesses.

Bringing multiple businesses together hasn t been easy but babin said there s a lot of crossover. Think of it as owning one big house and inside the house you have many different rooms each with their own name. Moving into an 11 000 square foot facility he has crossfit apar next level youth performance training and on the geaux fitness a private fitness company run by melissa cantrell all under one roof. Keeping with the previous example you may have an llc.

I was reading the article how to set up and structure multiple businesses and i believe that option 2 option 2.